Target Correlations

CBDY Stock  USD 0  0.0004  18.18%   
The current 90-days correlation between Target Group and Aequus Pharmaceuticals is -0.07 (i.e., Good diversification). The correlation of Target is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Target Correlation With Market

Average diversification

The correlation between Target Group and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Target Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Target could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Target when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Target - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Target Group to buy it.

Moving together with Target Pink Sheet

  0.65DD Dupont De NemoursPairCorr
  0.67VZ Verizon Communications Aggressive PushPairCorr
  0.65PG Procter GamblePairCorr

Moving against Target Pink Sheet

  0.68TEVA Teva Pharma IndustriesPairCorr
  0.59TEVA Teva PharmaceuticalPairCorr
  0.46SSNLF Samsung ElectronicsPairCorr
  0.45PFE Pfizer IncPairCorr
  0.35AXP American ExpressPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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SKYIFLHLF
SKYIAQSZF
  
High negative correlations   
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ANTCFAXRX
AXRXBCBCF
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Risk-Adjusted Indicators

There is a big difference between Target Pink Sheet performing well and Target Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Target's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CBDNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MGCLF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AQSZF  5.30  0.23  0.02 (0.13) 9.35 
 18.18 
 121.28 
FLHLF  12.61  0.15  0.02 (0.19) 14.43 
 27.51 
 94.31 
SKYI  16.43  3.48  0.08 (1.14) 17.90 
 58.82 
 221.21 
LVTTF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BCBCF  6.79  0.73  0.09 (0.59) 6.40 
 26.81 
 66.62 
AXRX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ANTCF  24.85  8.75  0.18  0.75  15.86 
 10.00 
 546.48 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Target without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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